The American film director Karl Rinsha, known for the film “47 Ronins” and the science fiction television series “White Horse”, was accused of theft of millions of dollars of the Netflix streaming service.

The acting prosecutor Matthew Podolsky and assistant director of the FBI Leslie Backschies announced the detention of the director in Western Hollywood. The Rinsch is accused of fraud and assigning $ 11 million allocated by Netflix for the production of the White Horse.

According to the investigation, instead of completing the show, the Rinsch transferred funds to a personal brokerage account and used, including for investment, including cryptocurrency trading.

The Rinsch invested part of the funds in Dogecoin. To buy memcoirs, the director used the Kraken trading platform and made bank transfers from Schwab Bank accounts. Investments in Memcoin turned out to be unexpectedly successful by May 2021, at the peak of the growth of Dogecoin (the historical maximum amounted to about $ 0.74), the Rinsch withdrew assets, earned about $ 27 million.

According to the investigation, the funds made from trading digital assets did not go to the production of the series, but were spent on speculation with securities, where the Rinsch lost more than half of his investments in two months.

In the case of a conviction, the director faces up to 20 years in prison.

Earlier, the pastor of the Evangelical Church 180 in Detroit Lorenzo Sewell (Lorenzo Sewell) was suspected in performing fraud with digital assets. The priest called on his flock and supporters of US President Donald Trump to “support the dollar” his token Lorenzo.